Dollar weakness has been a relief for sore eyes 👀.
Why?
Well Dollar weakness usually comes with the rise of all other correlated pairs alongside t the equities market, as we have seen since yesterday Tuesday July 11 are aiming at new Highs.
Expectations are for Dollar to reach the target of $99.5522
It is showing a very strong selling pressure and we will take a look again at this price to see some sort of reaction.
The Dollar has decisively broken thru the $100.44 mark while everyone else was expecting a bounce.
It is possible to see Dollar reach $97.22 before months end were I have placed the yellow line to indicate what I consider a weekly price target for Dollar.
While many are still expecting to see Dollar return or bounce back to $101.55 at least this will not occur until you start seeing a weakening of the downside push.
Why?
Well Dollar weakness usually comes with the rise of all other correlated pairs alongside t the equities market, as we have seen since yesterday Tuesday July 11 are aiming at new Highs.
Expectations are for Dollar to reach the target of $99.5522
It is showing a very strong selling pressure and we will take a look again at this price to see some sort of reaction.
The Dollar has decisively broken thru the $100.44 mark while everyone else was expecting a bounce.
It is possible to see Dollar reach $97.22 before months end were I have placed the yellow line to indicate what I consider a weekly price target for Dollar.
While many are still expecting to see Dollar return or bounce back to $101.55 at least this will not occur until you start seeing a weakening of the downside push.
Note
Getting close to our targetTrade closed: target reached
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
DO YOUR OWN RESEARCH!!!
linktr.ee/tru.capital
linktr.ee/tru.capital
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.